Appointment at a well-known bank and problems with financing

In the first case, I don't see anything wobbly there at all. If you can afford a 1,000 (or two 500 ;)) installment, you’ll be done in 20 years. Even with 160k € equity including the land, that should be doable.

I can only agree with this opinion and see no obstacle why the bank shouldn't give you the money... It depends on you to give up some things and then you can manage it. I would set aside a bit from the equity for emergencies, about 20k.

Best regards and all the best.

Hello everyone,
first of all, thank you very much for the numerous responses.
A brief overview of the open questions:
1. Property and €160,000 capital are available, so together over €220,000
2. Permanent employment contract in the public sector
3. My wife is on parental leave and will return to part-time work as soon as the little one is 1 year old. Since I did not know how much she would receive, I took the smallest amount of €400
4. We are in tax class 4. Depending on what is more favorable in the future calculation-wise, we will act accordingly
5. A household budget is available, but it is based on our rental situation. Therefore, future insurances, etc. are missing. That is why I am a bit cautious.
6. No credit bureau entry... at least none that I know of ;)

We have an appointment at another bank in town tomorrow. I will report how it went :)

Hmm, if it is certain that your wife will work again, it is already incomprehensible. My wife was still in the probationary period with a new employer when we ran to the banks. No bank was bothered as long as we would sign the contracts after the end of her probationary period... which we were then able to do 2 weeks ago.

Since you are calculating 400€ with your wife, I simply assume she is willing to work. Wants to go, but currently has no job offer near the EZ? Remember the probationary period, as she will probably not receive a loan during that time because it is an absolute uncertainty for the bank. At least that was the case with all the banks we went to.

I stick to it, absolutely incomprehensible. What kind of bank is that? Feel free to message me privately. Just out of curiosity.

I don’t understand either. The loan should not be a problem given the initial situation. Especially not with the high equity and the resulting good loan-to-value ratio.

Good evening everyone,
we were at another bank on Friday. They see no problems at all with the financing. Moreover, since my Riester pension insurance yielded about 100€ last year, the advisor brought up the idea of Wohnriester. However, the Riester contract would have to be converted and transferred. This is associated with a one-time cost of 60€.

It is definitely worth visiting several banks. Above all, most advisors bring in aspects that no one else ever considered.

Thanks to all readers and writers